Lenovo in M&A Talks; Report of IBM Deal

Thursday, 18 Apr 2013 | 10:10 PM ETReuters

SHARES

Getty Images

Lenovo Group said on Friday it was in preliminary talks about a potential acquisition, following a media report that IBM Corp was negotiating the sale of its x86 server hardware business to the Chinese computer maker.

IBM wants $5 billion to $6 billion for the business, which sells low-priced servers traditionally used to power large corporate data centers, said technology news site CRN, citing a high ranking industry executive.